1740 Centinela AveInglewood, CA 90302

Property Details for 1740 Centinela Ave

Year built

2017

Construction

WOOD

Lot size

0.38 AC

Property size (Sq ft)

888 SF

Zone code

INC2YY

Property type

Retail properties

Property subtype

Drive through restaurants

APN

4001-020-033

APU

4001020033

Description

This exceptional investment opportunity presents a leased fee interest in a Starbucks located at 1740 Centinela Ave, Inglewood, CA 90302. The property boasts a 13.3-year remaining lease term (expiring February 28, 2038) with a 10% rent increase every five years. The 880 square foot building, constructed in 2017, sits on a 0.39-acre lot and includes 9 parking spaces. The property operates under an absolute NNN lease, shielding the owner from operational expenses. The current annual net operating income (NOI) is $220,000, representing a 4.00% cap rate on the $5,500,000 asking price. The property benefits from its prime location at a busy intersection near the 405 Freeway, within the Hollywood Park redevelopment area, and enjoys excellent visibility. The ground lease expires February 28, 2028. The lease includes a unique provision for a 10% to 30% rent increase upon renewal, maximizing future returns. This drive-thru Starbucks operates in a high-income, densely populated area, promising strong long-term performance. The property is zoned commercial and has a Los Angeles County APN of 4001-020-033. This is a rare opportunity to acquire a high-performing, established asset with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $301,577

  6.5%

  $278,379

  7%

  $258,495

• Comparable approach

  Method

  Valuation

  Relative Method

  $425,532

  Geo Method

  $425,532

• Alternative Use

  Use

  Valuation

  Residential

  $234,823

  Hospitality

  $215,096

  Educational

  $178,958

  Medical

  $185,112

  Retail

  $278,379

Location Insight

City

Inglewood

County

Los Angeles

State

California

Latitude

33.9776

Longitude

-118.37

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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